Hatch Product Development

What Hatch Product Development does

Hatch Product Development is a full-service product development firm and contract manufacturer founded in 2021 and headquartered in Wauconda, Illinois, in the Chicago suburbs, operating as Hatch PD, LLC. The company runs an integrated platform that takes hardware products from research and industrial design through mechanical, electrical, software, and firmware engineering, prototyping, and into mass production, with over 100 professionals supporting dozens of active programs. Its customer base spans medical technology, industrial IoT, consumer products, and automotive systems, and includes enterprise clients such as Argonne National Laboratory, FOX Factory, RugGear, Kingspan, alongside a long tail of startup engagements including The Patient Company, Speede Fitness, Ovie, and Tego. Hatch is led by CEO Mark, Co-Presidents Addison and Kevin Schwartz, and CTO George.

The technology core is the Hatchworx Modular Production System, a proprietary platform that supports flexible production from low-volume pilot builds through mass production and is paired with in-house electrical (system architecture, schematic, PCB layout, PCBA) and embedded firmware capabilities spanning ARM, TI, STMicro, NXP, and Nordic platforms with Wi-Fi, Bluetooth, cellular, and LoRaWAN integration. Manufacturing services cover mass production (injection molding, metal fabrication, machining, PCB assembly, die casting, extrusion, stamping, painting, coating, packaging), cable assembly, environmental stress screening, manufacturing and certification testing (UL, FCC EMC/EMI, RF), tooling, supply chain management, and sustaining engineering. ISO 9001:2015 and ISO 13485:2016 certifications at the Wauconda site qualify Hatch for regulated production, particularly medical devices.

Hatch earns revenue from two streams: professional services for design and engineering work, and contract manufacturing fees for production runs and lifecycle support, with no public pricing disclosed. Sales motion is consultative, direct B2B engagement with mid-market and Fortune-500 hardware companies, supported by content-led marketing through case studies, blog content, newsletter, and earned-media visibility from the 2025 Inc. 5000 list, 2025 Chicago Inno Fire Award, and the 2026 mHUB Fourth Revolution Award for Small and Medium-Sized Manufacturer of the Year. The operating footprint is concentrated in a single US facility supplemented by a global vendor network.

Name

Hatch Product Development

Legal name

Hatch PD, LLC

Website

https://hatch-pd.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Hatch Product Development is a Chicago-area full-service product development firm and contract manufacturer founded in 2021. Its 100+ professionals provide integrated design, engineering, prototyping, and manufacturing for medical, IoT, consumer, and automotive clients ranging from startups to Fortune 500 enterprises.

Ownership category

akta.pro rank

Headquarters

HQ city

Waukegan

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Contract Manufacturing Services: Full-service contract manufacturing including mass production, low volume manufacturing, cable assembly, environmental stress screening, manufacturing testing, product certification testing, manufacturing tooling, supply chain management, and sustaining engineering. Revenue generated through manufacturing services fees, typically project-based or ongoing production contracts.
2. Engineering and Design Services: Product design, mechanical engineering, electrical engineering, software engineering, firmware development, app design, prototyping, and user experience design services provided as professional services.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Hatch Product Development is a full-service product development firm and contract manufacturer that takes hardware products from concept through mass production. The company provides integrated design (research, UX, industrial), engineering (mechanical, electrical, software, firmware, app), and manufacturing (mass production, pilot builds, certification testing, supply chain management) services for clients ranging from startups to Fortune 500 enterprises.

Product overview

Hatch Product Development is a full-service product development firm and contract manufacturer offering end-to-end services from concept to production. The company operates a unified platform model combining integrated design services (Research & Insights, Industrial Design, User Experience Design), engineering services (Mechanical, Electrical, Software, Firmware Development, App Design, Prototyping), and manufacturing services (Mass Production, Environmental Stress Screening, Manufacturing Test, Cable Assembly, Low Volume Manufacturing, Engineering Pilot Build, Product Certification Testing, Manufacturing Tooling, Supply Chain Management, Sustaining Engineering). The Hatchworx proprietary modular production system underpins their manufacturing operations. Services span the full product lifecycle from initial research and design through prototyping, pilot builds, mass production, and ongoing sustaining engineering, with ISO 9001:2015 and ISO 13485:2016 certifications covering their Chicago-area facility.

Differentiator

Problem solved

Functional benefit

Products and services

• Product Design Services
• Engineering Services
• Contract Manufacturing
• Supply Chain Management
• Product Certification Testing
• Hatchworx Modular Production System

Quantifiable outcome

• Selected from five finalists as Small and Medium-Sized Manufacturer of the Year at 2026 mHUB Fourth Revolution Awards
• +2 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature4 records

Partnerships

One partnership is on record.

• Strategic Manufacturing Tooling PartnerscoreOthersHatch collaborates with a network of trusted partners and vendors, each selected for their exceptional craftsmanship and technological expertise. Partners specialize in creating precise, durable tools essential for consistent and efficient production of high-quality products.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Fictiv: Digital platform for on-demand contract manufacturing and custom mechanical/electronic parts production serving hardware startups and enterprises. Closest comparable by business model: B2B, project-based, spanning prototyping through production, and explicitly targeting the same startup-to-Fortune 500 customer mix that Hatch serves.
• Macrofab: Cloud-based contract manufacturing platform for PCB assembly and full-product builds, with strong focus on hardware startups and small-batch runs. Highly comparable to Hatch's PCBA, cable assembly, and low-volume-to-mass-production service stack for early-stage hardware companies.
• Dragon Innovation: Product development and contract manufacturing services firm specializing in helping hardware startups move from prototype to mass production. Directly comparable end-to-end design-to-manufacturing model serving venture-backed hardware companies.
• Pensar Development: Integrated product development and contract manufacturing firm offering embedded engineering, industrial design, and low-to-mid volume production. Closely mirrors Hatch's full-stack, single-roof design-to-manufacturing positioning for connected and regulated products.
• Bresslergroup (now part of Leverage): Product design and development consultancy with mechanical, electrical, and software engineering plus prototyping capabilities. Comparable on the design-services side; less overlap on mass-production manufacturing, but a relevant peer for Hatch's engineering services line.
• Whipsaw: Industrial design and product development consultancy known for connected devices, consumer electronics, and medical products. Comparable on the design and engineering services side; complements rather than replaces Hatch's manufacturing capability.

Broad incumbents

• Jabil: Global tier-1 contract manufacturer with massive scale across electronics manufacturing services, design services, and supply chain. A broad incumbent competitor for the mass-production portion of Hatch's offering, with deeper capabilities but less startup-friendly flexibility.
• Sanmina: Global end-to-end manufacturing solutions provider with integrated design, fabrication, and assembly across medical, aerospace, automotive, and industrial. Comparable in scope of services and regulated-industry certifications (including medical) but at dramatically larger scale.
• Flex (Flextronics): One of the largest global contract electronics manufacturers with design and engineering services. A broad incumbent whose size and global footprint contrast with Hatch's Midwest single-facility model, but a key competitor for the same enterprise customers.

Emerging players

• Synapse Design: ASIC and product engineering services firm covering hardware, software, and firmware design for connected products. Partial overlap with Hatch's electrical and firmware development capabilities, particularly for IoT-heavy programs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Hatch-Product-Development-107408451594500
• LinkedInlinkedin.com/company/hatch-pd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hatch Product Development